Anatomy of Virtual Money

I

Economics

6

general academic

obligatory courses

(in Polish) Realizowany w sali

none

A. Contact hours: 15h/ 1 ECTS

Participation in classes: 15 h

Participation in a credit, direct contact: 17 h

B. Student’s own work: 60 h/ 2 ECTS

Preparation for classes: 30 h

Preparation for a credit: 30 h

Brief description (purpose of the course):

Introduction of the specificity of the virtual money as a new form of money functioning.

1. The Evolution of Cryptocurrencies: Tracing the Rise of Bitcoin and Altcoins

2. Decentralized Finance (DeFi) and Its Impact on Traditional Banking Systems

3. Blockchain Technology: Revolutionizing Transparency and Security in Financial Transactions

4. Non-Fungible Tokens (NFTs): Exploring the World of Digital Scarcity and Ownership

5. Stablecoins: Bridging the Gap Between Fiat and Cryptocurrency

6. Regulatory Challenges and Legal Implications of Virtual Money

7. Environmental Impact of Cryptocurrency Mining and Potential Solutions

8. The Psychology of Virtual Money Adoption: Overcoming Trust and Usability Barriers

9. Central Bank Digital Currencies (CBDCs): Redefining the Future of Money

10. Virtual Money and the Unbanked: Financial Inclusion in the Digital Age

1. Brown, Gavin, and Richard Whittle. Algorithms, Blockchain & Cryptocurrency : Implications for the Future of the Workplace / by Gavin Brown, and Richard Whittle. Bingley, England: Emerald Publishing, 2020. Print.

2. Hassani, Hossein., Xu. Huang, and Emmanuel Sirimal. Silva. Fusing Big Data, Blockchain and Cryptocurrency Their Individual and Combined Importance in the Digital Economy / by Hossein Hassani, Xu Huang, Emmanuel Sirimal Silva. 1st ed. 2019. Cham: Springer International Publishing, 2019. Web.

3. Szmigielski, Albert. Bitcoin Essentials : Gain Insights into Bitcoin, a Cryptocurrency and a Powerful Technology, to Optimize Your Bitcoin Mining Techniques / Albert Szmigielski. 1st edition. Birmingham: Packt Publishing, 2016. Print.

4. Chowdhury, Niaz. Inside Blockchain, Bitcoin, and Cryptocurrencies / Niaz Chowdhury. Boca Raton: Auerbach, 2019. Print.

Knowledge: Student knows and understands

1. the principles of functioning of the crypto economy; economic equilibrium and disequilibrium and the operation of the market mechanism of crypto assets (K_W03)

2. the principles of conducting and instruments of state monetary, fiscal policies in the field of cryptocurrencies (K_W05)

3. the theory of modern finance and cryptocurrencies as knowledge of the analysis of the economic process (K_W07)

Skills: Student is able to

4. identify and interpret the causes, course and effects of economic phenomena of cryptocurrencies and processes occurring in individual markets, in the national economy, and in the global economy (K_U02)

5. present and argue own ideas, doubts, suggestions and propose solutions to economic problems also in the sphere of decision-making by market entities present of the cryptomarket (K_U03)

6. plan and organize individual work and own lifelong learning (K_U11)

Social competence: Student is ready to

7. critically appraise their own knowledge, in particular knowledge of modern finance and cryptocurrencies, and continually update and supplement it (K_K01)

8. use knowledge in solving cognitive and practical problems in modern economics and finance of the XXI century (K_K02)

A. Forms of credit (learning outcomes verification)

Lecture: Written final work (1,2,3).

Presentation (1,2,3,4,5,6)

Participation in the discussion (5,7,8)

B. Basic criteria of scoring

Written final work (50%)

Evaluation of the presentations (40%)

Participation in the discussion (10%)